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MNP Petroleum Corp MNAP

MNP Petroleum Corporation is engaged in the business of exploring for oil and gas, primarily in Central and East Asia. The Company is involved in the exploration projects in Tajikistan and Mongolia. The Company has a working interest in over oil fields located in the Fergana basin in Tajikistan. The Company carries out its operations both directly and through participation in ventures with other oil and gas companies. As of September 30, 2015, the Company has not commenced planned principal operations. The Company's subsidiary includes DWM Petroleum AG (DWM). DWM holds an equity interest in CJSC Somon Oil (Somon). Somon owns interests in approximately two Petroleum Exploration Licenses, which include Zapadnyi (West) and Severo-Zapadnyi (North West) blocks, onshore Tajikistan (Somon Licenses). Somon Licenses cover an area of approximately 840 thousand acres (over 3,396 square kilometers).


GREY:MNAP - Post by User

Bullboard Posts
Comment by Horn1369on May 29, 2014 5:12pm
108 Views
Post# 22612315

RE:RE:New investor

RE:RE:New investor Thanks for the reply, I found this on their website from 24/02/2010. It looks like mnp will be well off in a matter of few months depending on the new well results from PMI. GL

"After Closing, DWM has ownership and control over 100,000,000 Petromanas common shares and the right to acquire a further 150,000,000 Petromanas common shares. The 100,000,000 Petromanas common shares represent approximately 30.47% of the issued and outstanding Petromanas common shares. Assuming DWM acquires the additional 150,000,000 Petromanas common shares it would hold an aggregate of 250,000,000 Petromanas common shares representing approximately 52.28% of the partially diluted issued and outstanding Petromanas common shares."


from: https://mnppetroleum.com/website/index/news?id=66

Also found a recent article by Seeking Alpha that is positive on MNP. If anyone interested I can post it here.
Bullboard Posts